Thursday March 04, 2021
Bitcoin (BTC) $51,616.00   Ether (ETH) $1,620.63
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Strategic Integration

ChainLink to help secure MARKET Protocol smart contracts for complex derivatives

Published by CryptoNinjas.net
08/23/2018
ChainLink to help secure MARKET Protocol smart contracts for complex derivatives

MARKET Protocol has announced its latest partnership with ChainLink, a leader in decentralized oracle networks and securely providing data to smart contracts. Oracles are crucial for inter-blockchain and off-chain functionality; they are key for the inclusion of all asset types on decentralized derivatives trading systems.

This partnership is advantageous not only for MARKET Protocol and ChainLink but also for the entire derivatives industry.  ChainLink’s reliable and secure network connections will enable MARKET Protocol derivatives traders to create highly complex derivatives smart contracts.

MARKET Protocol contracts can now be made using any/all market data, on-chain events, and off-chain events, which will allow them to become an excellent alternative to legacy derivatives contracts.

ChainLink and the Use of Oracles

A partnership with ChainLink benefits MARKET Protocol and its platform users by strengthening the reliability through the decentralization aspect of the platform’s protocol and derivatives contracts.

Because decentralized systems are dependent on the honesty of their nodes to achieve a consensus with the most truthful outcome, ChainLink utilizes a system that prevents potential issues resulting from faulty nodes. ChainLink handles the risk via three basic complementary approaches: Distribution of data source, distribution of oracles, and use of trusted hardware.

An “oracle” is used to assure secure interaction to effectively allow private and public blockchains interactions. ChainLink is a leader in decentralized oracle solutions and their expertise is a perfect fit for MARKET Protocol’s development of a platform that securely utilizes off-chain market data, cross-chain events, and on-chain trading relationships for any asset class.

Example of two-level request distribution. ChainLink’s expertise lies in bridging smart contracts with key off-chain resources, data feeds, various event APIs, and traditional bank payments.
MARKET Protocol

MARKET Protocol’s vision is to bring the $100+ trillion derivatives market to the blockchain by powering the safe, solvent and ‘trustless’ derivative trading of any asset.

Users can trade stocks, cryptocurrencies, and traditional assets with MARKET Protocol smart contracts. MARKET Protocol is open source, allowing users to create decentralized exchanges (DEX) and decentralized apps (dApps) of their own.

There are many additional ways in which derivatives traders can benefit from using MARKET Protocol:

  • To purchase crypto assets through the use of smart contracts.
  • To trade ICO tokens before they are officially distributed or have begun trading.
  • To allow traders to decouple price volatility from the token utility.
  • To eliminate the need to manage multiple wallets or exchanges, thereby enabling safer trading.
  • To trade non-crypto assets, including stocks (TSLA, AAPL), commodities (oil), or even kitchen spices.
  • To short crypto assets, earning a profit from declining prices without the need to borrow the asset.
7
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Chainlink achieves major scalability upgrade launch of Off-Chain Reporting (OCR)
Networks & Protocols

Chainlink achieves major scalability upgrade with launch of Off-Chain Reporting (OCR)

02/24/2021
Crypto investment app YIELD to integrate with Chainlink
Vendor Technology

Crypto investment app YIELD to integrate with Chainlink

02/03/2021
Crypto asset management app Enzyme integrates Chainlink
Networks & Protocols

Crypto asset management app Enzyme integrates Chainlink

01/28/2021
Paxos adopts Chainlink oracles to further adoption of PAX and PAXG tokens
Strategic Integration

Paxos adopts Chainlink oracles to further adoption of PAX and PAXG tokens

01/14/2021
Blockpass employs Chainlink on mainnet to provide on-chain KYC across multiple blockchains
Networks & Protocols

Blockpass employs Chainlink on mainnet to provide on-chain KYC across multiple blockchains

01/04/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

03/02/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Crypto exchange BiKi cooperates with Hacken on security test

Crypto exchange BiKi cooperates with Hacken on security test

03/02/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version